The continuing goal of "The Innovation Conversation" is to explore some facet of the fast-changing, technology-driven retail landscape and how it affects businesses and consumers. It is, we think, fertile territory ... and one that Tom Furphy - a former Amazon executive, the originator of Amazon Fresh, and currently CEO and Managing Director of Consumer Equity Partners (CEP), a venture capital and venture development firm in Seattle, WA, that works with many top retailers and manufacturers - is uniquely positioned to address.
Today, Tom Furphy reports in from Groceryshop 2022 in Las Vegas, where innovation in the retail food business is front and center in terms of conversations and exhibitions. Tom and KC talk about the degree to which data accumulation and usage, as well as the development of retail media networks, seem to have captured the imaginations of those in attendance. They explore the degree to which both these concepts, if applied to the pursuit of seamless, shopper-first concepts, can become differential advantages. And, Tom and KC consider the degree to which Instacart is setting many of the terms of engagement for the industry.
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